(Finance) – In the first year of the pandemic the added value of industrial and service companies collapses. In 2020according to the data released from Istat, there are 4.3 million industrial and service companies (+ 1.1%) and generate an added value of 739 billion, down by 10.5% on 2019 (-12.4% in services, -8.8% in industry in the strict sense and -3.4 % in construction). The gross operating margin fell by 13%, the turnover by 11.3%, the cost of labor by 8.3%. The enterprises organized in groups, which generate 57.3% of the added value and 63% of the total turnover, record a reduction in the added value below the average (- 9.5%).
The decline in added value – explains the Report – it is higher for the middle dimensional classes: -10.6% in the 0-9 class, -15% in the 10-19, -13.1% in the 20-49 class, -7.9% in the 50-249 class, -9.7% in the class 250 employees and over. This heterogeneous dynamics is explained by the variability of the rates of decline in turnover and intermediate costs recorded in the various size classes.
There distribution of enterprises by employee class is substantially different between enterprises belonging to groups and not, and the distribution of employees, turnover and added value is even more so. If among the companies not belonging to groups, micro-enterprises employ 66% of employees and large enterprises 3.5%, in groups large enterprises employ 59.7% of employees and micro-enterprises only 3, 8%.
Similar differences emerge for the distribution of turnover and added value. Variations in value added, turnover and EBITDA are highest in large groups, with over 5 thousand employees (rrespectively -11.8%, -17.8%, -24%), while small groups with 0-19 employees undergo minor variations (respectively -7.5%, -7%, -7.7%) .